Wait I thought Property Management deals with rental properties. What does it mean when it says, "no rental properties"?

Not sure if serious. On the off chance you are: As I stated I believe this biz is managing high value homes that people only spend 1-2 weeks per year visiting. The rest of the time they are empty. And as JOTS stated there is significant work in keeping in the kind of shape that these people expect. So in conclusion you are not taking care of a rental/air bb kind o thang, but are keeping a seldom used ski in ski out mansion ready for occupancy by people who demand perfection at a moments notice.

A Republican pollster (Patrick Ruffini) just came out with an estimate for 157 million votes cast this time around.

I have no opinion, though given the polarization of the electorate and the high interest in the election, my assumption is that participation will increase.

Well that's a first.

$5/10. Big fish opens to $50 in EP. I raise to $175 in MP with AK. Everyone else folds. He calls.

Flop Q74 (pot $365)

He donks $100. He's been doing this a lot and it could be anything, so I decide to just bluff-raise and barrel off if I get another . I raise to $350. He calls.

Turn 9 (pot $1065)

Well that doesn't improve me. He starts counting chips like he's about to donk again. I mentally get ready to fold to any reasonable bet, but keep looking at him to see what he's going to do. Eventually he... throws his hand in the muck.

LOL live poker.

I'd rub my butt all over their curtains to assert my dominance.

So...Post-COVID LLSNL meet up location with free lodging? Sold!

Ooopsi missed the whole bit about no rental properties. Disregard all that **** above... Lol

Still it comes down to service service service especially in a boutique business like this. Understanding the delivery of that service is the critical metric

Hey SPC

I think Slim is the person to listen to on this so I won’t get involved apart from to say that it seems weird to me that people would be selling a good business through the small classifieds section and not via their accountants or via more conventional means....it’s a bit of a concern to me but I may be risk averse


BUT, I just wanted to let you know that I dig your screen name and that the whole series of books...with the possible exception of the most recent, which disappointed me slightly, are my favourite book series ever, despite that not normally being my ‘thing’ at all

Have you read the most recent one?

Of course the first question needs to be how often the owner will use the property. And put your 24 hour notice requirement in the fine print.

SPC, you'll want to know how the owner acquire/grows the business. If they are all college buddies of them, the customers could flee as soon as their friend leaves. Another would be their willingness to sign a non-compete agreement and for how long. Lots of people "retire" decide 6 months later they are bored and start the identical business. Also, you want to see their cash flow statements and tax returns.

Keep in mind that all you are buying is a revenue stream. They are "boutique" so it means there is zero brand equity. Be prepared for a long negotiation. Most single owners have a highly inflated view of the value of their business.

LFG crypto baby

I'm glad you mentioned your concern about the nature of the ad. I was feeling the opposite -- encouraged that they knew so little about the internet or the business world that they would try to sell this way. I thought it might mean I could easily grow the business just by slapping up a professional-looking website.

I read the His Dark Materials trilogy just before creating this account. I didn't even know there were new ones! I've been working my way through Neal Stephenson's books, and am currently making very slow progress through Seveneves. I like the story, but I either fall asleep, or get distracted into petting the kitten and then fall asleep.

These are a bunch of excellent points that I hadn't thought of.

I've got an email in to the owner, and will keep y'all posted if anything comes of it all. Thank you, everyone, for the advice!

Homes are 10-10-10

10 million cost
10 years to build
10 days per year use

My big recommendation is The Hyperion Cantos. Incredible series.

i recommend you find another thread to post in

So you wanna be hardcore. C4 to your door no beef no more.

This crazy kid 4-bet bluffed me on the river today and got me to fold a full house. I honestly wasn't even mad about the $5K I lost to him on the hand I was kind of impressed.

I'll chalk this slander up to you not drinking a cup of coffee yet.

You’re right 11t I’m sorry for being a grumpy goose

btw RIP Sam Grizzle

the English opening is like cheating at the scholastic level.

Oh. I had just assumed he had meant in addition to this one since he was such a big fan of 11t's posting that he wanted to see it across multiple fora.

Darn eternal optimism.

I’ve seen people do that on the river when their draw missed, but not the turn? Well played sucka!

Blast your doors with some C4 y'all pawns can't outlast me
Checking tactics I'm a King Fisher and you just a Spazz k.